Economic and Monetary Review n° 29 - June 2021 / SPECIAL COVID 19
Abstract
This study aims to assess the impact of public policies during the Covid-19 pandemic on economic aggregates and the sensitivity of these policies to the shock on jobs and specifically on unskilled jobs in Côte d'Ivoire. Using a dynamic Computable General Equilibrium Model, we show that the public policies implemented have mitigated the expected impact of the Covid-19 on the economy. Moreover, the effectiveness of these policies is sensitive to the level of the shock on labor supply and particularly to the shocks on the hours worked by unskilled workers. Thus, policies that reduce the effect of the pandemic on hours worked (unskilled and that cannot be done through teleworking) are more likely to reduce the negative impact of the pandemic and foster greater resilience of the economy.